Mobility on demand (MOD) is a user focused and innovative concept which leverages integrated transit networks and operations, emerging mobility services, connected travelers, co-operative intelligent transportation system and real time data which allows to improve the mobility options for all users and travelers in the system in a safe and efficient manner. Mobility on demand provides the costumers access to transportation services on demand by using delivery services, public transportation and shared mobility through connected and integrated multi-modal network.to facilitate the effective locomotion. The mobility on-demand passenger services include trip planning and booking, fare payment and real-time information in a single user interface. Mobility on demand providers such as Uber Technologies and Aptiv provides emerging transportation solutions to their customers including carsharing, ridesharing, micro transit, public transportation, bike sharing and other solutions which provides the travelers mobility on demand The increasing need for the flexible transportation system due to shifting needs of travelers to alternative form of transportation and demand for more personal choice in mobility results in the requirement of mobility on demand solutions and services. The key drivers for the growth of mobility on demand market is the increasing demand for travel convenience, cost effective and time saving mobility services, also the increasing working population in the urban areas results in increasing demand for efficient on demand mobility services.

Recent trends in mobility on demand market is the use of Internet of Things, mobility big data and autonomous driving. The increasing use of analytics and algorithmic processing of mobility big data provides data-driven insights to enable the creation of new mobility services such as real-time journey optimization that allows the more efficient use of mobility assets to provide efficient and cost saving mobility on demand services. The autonomous vehicle systems have a great potential in reducing pollution, traffic jams and fuel consumption through space efficient driving, real-time optimized route planning. It also helps in the mobility of people without driving licenses such as people with disabilities, children and elderly peoples.

Regional Analysis

The regional analysis of Mobility on Demand Market is studied for North America, Europe, Asia Pacific and Rest of the World. North America accounts for the highest market share in the mobility on demand market since there is increasing number of elderly populations resulting in the increasing adoption of on demand mobility services and presence of major key players providing mobility on demand services. Asia-Pacific is expected to be the fastest growing region in the market of mobility on demand. This results in the rising population and urbanisation in the emerging economies such as India and China. Europe is expected to show growth due to government initiatives for new developments and regulations in the domain of mobility for the autonomous drones and flying cars for personal freight and transport.

Segmentation by Region: North-America, Europe, Asia-Pacific, Rest of the World.

Industry News

April 18, Uber announced its acquisition of Jump, a dock less bike sharing company.

Uber Technologies announced the acquisition of Jump a dock less bike sharing company. With this acquisition customers can now book the Jump bike from the Uber app. Uber also decided to acquire car sharing and transit startups to enhance the all types of mobility services.

Delphi, one of the leading automotive solution provider partners with Transdev, a leading provider of mobility services. This partnership results in the development of mobility on-demand transport and fully automated systems. These systems will take advantage of Transdev Universal Routing Engine (URE) and Delphi's automated driving platform. Transdev and Delphi will share their knowledge of mobility on demand systems to develop driverless infrastructure vehicle solutions to commercially operate the automated mobility on-demand (AMoD) globally.

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